The Ivey Purchasing Managers Index in Canada eased to 52 in October 2024, down from 53.1 in the prior month and missing market estimates of 54.2. This indicated that the economy continued to expand in October, but less than in September, as employment growth slowed (51.3 vs 51.6) and the gauge of inventories decreased (50.4 vs 53.3). Additionally, price pressures heated up (58.5 vs 58.2). source: Ivey Business School

Business Confidence in Canada decreased to 52 points in October from 53.10 points in September of 2024. Business Confidence in Canada averaged 56.71 points from 1999 until 2024, reaching an all time high of 75.00 points in May of 2006 and a record low of 22.80 points in April of 2020. This page provides the latest reported value for - Canada Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Ivey Purchasing Managers Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

Business Confidence in Canada decreased to 52 points in October from 53.10 points in September of 2024. Business Confidence in Canada is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Ivey Purchasing Managers Index is projected to trend around 55.00 points in 2025 and 56.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-04 02:00 PM
Ivey PMI s.a
Sep 53.1 48.2 50.2 49.5
2024-11-06 03:00 PM
Ivey PMI s.a
Oct 52.0 53.1 54.2 53.2
2024-12-05 03:00 PM
Ivey PMI s.a
Nov 52


Related Last Previous Unit Reference
Bankruptcies 323.00 316.00 Companies Sep 2024
Business Outlook Survey Indicator -2.31 -2.88 points Sep 2024
Ivey PMI s.a 52.00 53.10 points Oct 2024
Capacity Utilization 79.10 78.60 percent Jun 2024
New Motor Vehicle Sales 168488.00 166001.00 Units Sep 2024
Changes in Inventories 25669.00 25393.00 CAD Million Jun 2024
Composite Leading Indicator 100.16 99.91 points Oct 2024
Corporate Profits 144391.00 141357.00 CAD Million Jun 2024
Corruption Index 76.00 74.00 Points Dec 2023
Corruption Rank 12.00 14.00 Dec 2023
Crude Oil Rigs 219.00 217.00 Oct 2024
Industrial Production 1.30 0.00 percent Aug 2024
Industrial Production Mom -0.80 0.20 percent Aug 2024
Manufacturing Production -4.30 -2.70 percent Aug 2024
Manufacturing Sales MoM -0.50 -1.30 percent Sep 2024
Mining Production 4.00 6.00 percent Aug 2024
New Orders 70738540.00 68095652.00 CAD Thousand Sep 2024
CFIB Business Barometer 55.80 55.10 points Oct 2024
Wholesale Sales MoM 0.80 -0.60 percent Sep 2024

Canada Ivey Purchasing Managers Index
The Ivey Purchasing Managers Index (PMI) is an economic index which measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada, and is prepared by the Ivey Business School at Western University. The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel members indicate whether their organizations activity is higher than, the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices. A value above 50 indicates an increase in purchases from the previous month and a value below 50 indicates a decrease.
Actual Previous Highest Lowest Dates Unit Frequency
52.00 53.10 75.00 22.80 1999 - 2024 points Monthly


News Stream
Canada Economic Activity Unexpectedly Slows: Ivey PMI
The Ivey Purchasing Managers Index in Canada eased to 52 in October 2024, down from 53.1 in the prior month and missing market estimates of 54.2. This indicated that the economy continued to expand in October, but less than in September, as employment growth slowed (51.3 vs 51.6) and the gauge of inventories decreased (50.4 vs 53.3). Additionally, price pressures heated up (58.5 vs 58.2).
2024-11-06
Canada Economic Activity Rebounds in September: Ivey PMI
The Ivey Purchasing Managers Index in Canada soared to 53.1 in September 2024, up from an over 3-1/2-year low of 48.2 in August and well above market estimates of 50.2. The latest reading showed a renewed expansion in Canadian economic activity at a solid pace, as the price index eased to its lowest level in six months (58.2 vs 63.4 in August). Meanwhile, the gauge of employment fell by 3.1 points from August to 51.6 and the inventories index eased slightly to 53.3 from 53.6. The unadjusted PMI also increased sharply to 54.5 in September from 50.3 in the prior month.
2024-10-04
Canada Ivey PMI Index Lowest in Over 3-1/2-Years
The Ivey Purchasing Managers Index in Canada dropped sharply to 48.2 in August 2024 from 57.6 in July, significantly missing the forecast of 55.5 and hitting its lowest level since December 2020. This decline marks the first contraction following 12 months of solid economic growth, driven by steep falls in the inventories index (53.6 vs. 54.8 in July), the employment index (54.7 vs. 56.1), and the supplier deliveries index (44.8 vs. 46.4), which reached a low not seen since September 2022. Meanwhile, price growth accelerated (62.3 vs. 59.2), and the unadjusted PMI fell to a December 2022 low of 50.3 from 55.3 in the previous month.
2024-09-06